If this is true this is excellent news. Presumably the proceeds from the sale of the (architecturally) less-significant parcels on Dean Street can subsidize his costs to stabilize and renovate the brewery.

If I can be slightly ignorant for a second here (and I know there's a separate "new Crown Heights zoning" thread...but in a sentence or two, what about the new zoning (which actually puts limits on new building heights, right?) - would likely have motivated the seller to list this property post zoning amendment?

Very good question notsayin. The FAR is the story but the big change doesn't depend on the inclusionary housing (affordable). The FAR for this lot went from 2.43 to 3.45 as of right or 4.6 if they add the affordable component.

No longer can someone build a similar building to that tower on St. Marks surrounded by a parking lot. The building has to line up with the walls of the others. So the city is basically telling developers to build buildings that are similar in mass, scale, and street experience to the historic buildings. The quid pro quo is that owners can build more on these lots now. Plus if they include affordable units (restricted to families makeing less than 80% of Area Median Income ~ $49k I think) they can build even more. Typically this is incentive enough for them to build the units.

Also forgot to mention that the new zoning doesn't have the same open space (usually a parking lot or grass) requirements as the old. This makes possible building denser buildings that are ultimately more marketable and attractive to retail.

As you may already know, my team is marketing the mixed-use development site located at 608 Franklin Avenue on the corner of Franklin Avenue and Dean Street in Brooklyn. The property is zoned R7A which allows for up to 4.6 FAR with inclusionary housing bonus, giving the project a total of 100,875 buildable SF. The 21,929 SF site has 141 feet of frontage on Franklin Avenue.

The Preliminary Bid deadline for the property is this Friday, November 1st @ 2 PM. If you are planning to bid, please email me for the full Offering Memo and feel free to give me a call to discuss.

I had no idea that there were lagering caves beneath the brewery. Too bad this event is sold out; it sounds pretty cool:*Sat., March 1, 2014: Cold Comfort: Lagers in the Historic Nassau Brewery Lagering Caves (Atlantic Ave @ Washington Ave, Brooklyn, $45, SOLD OUT)-Brooklyn was once a borough of blue-collar industry that made ships, Sweet'N Low, and, above all, beer. By the end of the 1970s, though, the brewing industry had vanished. Majestic brick structures fell into disrepair, and though the buildings may have since been renovated, many of the lagering tunnels sat untouched and sealed. Until now!In Crown Heights, the old Nassau Brewery has taken on a new life. At long last, the 1860s-era lagering tunnels have been uncovered, and stairs installed. Join host Joshua M. Bernstein (author of The Complete Beer Course and host of the NYC homebrew tours) as he heads down into the lagering tunnels; the group will be among the first people to venture underground in a century. Learn the history of the brewery and drink lagers by Brooklyn Brewery, KelSo, SingleCut Beersmiths, Bitter & Esters, several homebrewers and Maine's Bunker Brewing.Part of the 6th annual New York City Beer Week: http://news.hamlethub.com/ridgefield/events/41773-6th-annual-new-york-city-beer-week-february-21-march-2-2014-1390829299

Returning to repurposing, the listing for the site was last updated in early February and there is a large TerraCRG banner on the property, making me suspect that that no contract on the site has yet been signed.

An eight-story mixed-use building is coming to the corner of Dean and Franklin in Crown Heights, on the site of a former brewery. NY YIMBY first spotted new building applications for the 119-unit development at 1036-1042 Dean Street.The ODA Architecture-designed build will have 100,629 square feet total, including 81,880 square feet of residential space and 18,749 square feet of commercial.

"Designed by ODA Architecture, the development will have 120 studios, one- and two-bedrooms. The builder will capitalize on Franklin’s hip bars and restaurants by including 19,000 square feet of retail. Brooklyn GC, led by Yoel Goldman, is the developer. The project will have 24 below-market units targeted to “moderate and middle income families,”

" 608 Franklin Avenue (also known as 1036 Dean Street) will hold 106 studio, one-, and two-bedrooms. They’ll be divided across 73,458 square feet of residential space, offering average units of just 690 square feet. The development will also include 24 below-market apartments, rented to “middle and moderate income families.” In exchange for the affordable units, the developer gets to build about 7,000 square feet larger."

"The structure will measure 125,350 square feet and its residential units should average 693 square feet apiece. Rental apartments are in the works, and configurations will include studios, one-bedrooms, and two-bedrooms. Twenty-four of the apartments will rent at below-market rates through the housing lottery. Amenities include a 56-car parking garage on the cellar and ground floors, storage for 63 bikes, a lounge, a fitness center, an common outdoor area on the second floor, and a rooftop terrace. Yoel Goldman’s Brooklyn GC is the developer, with ODA New York is behind the design. Occupancy can probably be expected by the end of the year."

We've known assumed for a while that the Bedford and EP (Gulf station thread) location would be designed by ODA as well. Now plans have been submitted so we'll know what that one will look like in a few months.

Man, I still remain floored by the change to this area since we got here in 1999. Never in my wildest imagination did I envision such change. Even watching it from overseas (my family still lives there) is exciting! Something like a Duane Reade would be a real game changer.

I've always wondered if people that currently work on Dean, and now people that will live off Dean are more inclined to walk longer down Franklin for the 2,3,4,5 train, or walk a shorter distance up Franklin to the C train stop?

Indeed. Would definitely depend on where you're heading. My folks live on Dean (on Dean and Washington, though). We almost always walk to the Clinton-Washington C train station vs. walking to Eastern Parkway or Flatbush for the 2/3. If we need to take the 2/3/4/5/N/R/etc., we'' usually hop on the B45 or B65 and take that to Atlantic Terminal.

It is great to see ground floors treated this way; welcoming business!. Mostly developers crap out on the ground floor, for instance, the two new buildings on Nostrand near Prospect. No wasted opportunity here.